**Charity number: 213077**
## **EPPING & THEYDON GARNON JOINT CHARITIES**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
## **EPPING & THEYDON GARNON JOINT CHARITIES**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 4|
|**Trustees' Responsibilities Statement**|5|
|**Independent Examiner's Report**|6 - 7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Financial Statements**|10 - 17|
**EPPING & THEYDON GARNON JOINT CHARITIES**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022**
|**Trustees**|Reverend L Batson|
|---|---|
||Mrs J Lorkins|
||Mr R Clay, Chairman|
||Mr H Pegrum|
||Mrs W Webb|
||Mr D Tetlow|
||Mr M R Chapman, Clerk to the Trustees|
||Mr R Brady|
||Mrs B Scruton|
||Reverend J Fy|
||Mr J Barber|
|**Charity registered**||
|---|---|
|**number**|213077|
|**Principal office**|St John's House|
||St Johns Road|
||Epping|
||Essex|
||CM16 5DN|
Page 1
## **EPPING & THEYDON GARNON JOINT CHARITIES**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022**
The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2021 to 31 March 2022.
The Charity also trades under the names Epping & Theydon Garnon Education Charity and Epping & Theydon Garnon Relief in Need Charity.
## **Objectives and activities**
## **a. Policies and objectives**
Relief in need and education for people living within the ancient parishes of Epping and Theydon Garnon, Essex and the provision of almshouses.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Activities undertaken to achieve objectives**
Annual grants for education and relief of those in financial need, grants to organisations working in the area of benefit and maintaining the almshouses.
## **c. Main activities undertaken to further the Charity's purposes for the public benefit**
When planning our activities for the year, the trustees have considered the Commission's guidance on public benefit. All activities of theCharity were carried out for the solely charitable purposes as set out in the Charity Commission Scheme.
Page 2
**EPPING & THEYDON GARNON JOINT CHARITIES**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **Achievements and performance**
## **a. Main achievements of the Charity**
For the year 1st April 2021 to 31st March 2022
During the year, the Trustees began meeting in person once again, following the COVID pandemic. The Trustees held 4 meetings over the year. The meeting in June took place via zoom, due to the COVID recommendations at the time. The remainder of the meetings took place in person at Epping Hall, St John’s Road, Epping. The meetings took place on the following dates:
Tuesday 29th June 2021 Tuesday 21st September 2021 Tuesday 16th November 2021 Tuesday 1st March 2022
The Accounts for the Charities are healthy and all properties are tenanted, with rent being paid on time.
Grants have been paid out as follows:
From the Education Charity: Funds of just over £14,000 have been paid out this year towards Educational Grants. These include 10 University Grants at £500 per student (an increase from £300 per student the previous year). Grants have been paid towards courses of counselling sessions for 10 children and young teenagers, as well as courses of music therapy and drama therapy for other school-age children and teenagers.
From the Relief in Need Charity: Just under £1,000 was paid to host a Christmas Luncheon for the local elderly, to help alleviate social isolation, particularly following the COVID pandemic. The Christmas luncheon has traditionally been held every year but had to be suspended during the pandemic.
Effort has been made by the Representative of Education to make links with local schools and ensure they are aware of what help is available via the Joint Charities. A Chairman’s Action was introduced in order to meet urgent needs that cannot wait until the next 3 monthly meeting. The Joint Charities now have a website which includes information on how to apply for grants.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Structure, governance and management**
## **a. Constitution**
Epping & Theydon Garnon Joint Charities is a registered charity, number 213077, and is constituted under the Charity Commission Scheme dated 28th September 1978
Page 3
EPPING & THEYDON GARNON JOINT CHARITIES
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
Structure* governance and management (ContindI
b. Methods of appointment or election of Trustees
The ex-officio trustees are the vicars of Epping. Eppin9 Upland. TheOn Gamon and Ccopersale.
NDminallve tnjslees incfude three members of Epping Town CounrJl. one member of Epping Upland Parfsh
Council and one member of Theydon Gamon Partsh Council.
Additional trustee5 can be apwinted at the drstrelion of the trustees as Co-OPtab"ve membgrs.
Approved by order of the members of the board of Trustees 12 January 2023 and signed on their behal[b.
Mr R Clay
EPPING & THEYDON GARNON JOINT CHARITIES
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with
applicable law and Untled Kingdom Accwnting Standards (United Kingdom Generally Accepted Accounting
Prnct1}.
The law applirAble to charities in EnglarKI & Wales requires the Trustees to Prepa financial stslements for
each financial year which give a true and fair vrew of the Stsle of affairs of the Charity and of its incoming
resources and application of resources. including its inwme and expendthre. for Ihal period. In piepartn9 Ihests
fin8naal slalemenls, the Trustees are required to..
select suitable accounting poli(ie5 arKI then appty them wn5ls1enu.
observe the method5 and principles of the Charities SORP IFRS 102)..
make judgments and ac¢ountiTrJ estirnates thal are reasonable 8nd prudent
state whether applicable UK A¢nts"ng Standards {FRS 102) have been ft)Ilowed. subject lo any material
departures drsclosed and explained in the frnanual stalements-
prepare the finanThal staterrts on the going concem ba5 unless rt is inappropriate lo presume that the
Charity wll ¢(tinUe in bursS.
The Trustees are responsible for keeping adeqLtate accounting records that are sufflent to show and explain
the Charitys Iransaclions and disdose with reasonable 8CCtJracy al any time the financtal position ol the Chanty
and enable them lo ensure Ihal the financial s(alemenls comply the Charities Act 2011, the Charity
(Accoun15 and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
saleguar¢ing the assets of Ihe Charity and hen for taktng reasonable steps for ihe prevention and detedion of
fraud and other irregularities.
Approved by order of the ffmbers of the tN)ard of Trustees on 12 January 2023 and signed on its behalF by.
Mr R Clay
## **EPPING & THEYDON GARNON JOINT CHARITIES**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022**
## **Independent Examiner's Report to the Trustees of Epping & Theydon Garnon Joint Charities ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2022.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Page 6
EPPING & THEYDON GARNON JOINT CHARITIES
INDEPENDENT EXAMINER'S REPORT ICQNTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Independent Examlnerf5 Ststement
Your attenlion is drawn to the fact that the Chariiy has prepared ac(x)unls in accordance with Accounting and
ReFng by Charittes.- Statemenl of Recommended Practice applicable to cbariues prepadng their acwunts in
accordance wth the Financial Ren9 Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preferen lo the Accounting and Rewrkn"ng by Charits'es.. Slatement of Rewmmended Praclice issued on 1 Apiil
2005 which is referred to in the extant re9ulations but has b¢en willKlravffl.
l undersland that this has been done in order for the acInts lo provide a Irue and fair view in accordance with
the Generally Accepted Accounting Practi effeth.ve for reporting periods beginning on or after 1 Janu8ry 2015.
I have completed my examination. I confirm thal no mallers have come lo my attention in connection with the
e%£mination giving me cause to believe that in any rnatell respecL
ac(yJunting records were not kept in respect of the Charity as required by section 130 of the 2011 Actr. or
the accounts do not 8ccord th those records: or
the accounts do not comply th the applicable requirements concerning the fomi and conlenl of
accounts sel out in the Charities IAccounts and Reports) Regulations 2008 other than any requtremenl
that the ac(£Junts give a Irue and fairf view whith rs not a matter considered as part of an ¥rpendent
examination.
I have no concems and have come across no other maltefs in nnectiOn with the examination lo which
attenlh)n should be drawn in this repK)rt in order lo en81e a proper urKter5tarKling of the accounts lo be reached.
Signed..
Dated: 12101123
P Thain
ACCA
Haslers
Chartered Accountsnts
Old Ststion Road
Loughlon
Essex
IG10 4PL
**EPPING & THEYDON GARNON JOINT CHARITIES**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|**Note**
**Income from:**
Investments
3
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**78,971**
**78,971**
**34,845**
**34,845**
**44,126**
**2,560,377**
**44,126**
**2,604,503**|**Total**
**funds**
**2022**
**£**
**78,971**
**78,971**
**34,845**
**34,845**
**44,126**
**2,560,377**
**44,126**
**2,604,503**|_Total_
_funds_
_2021_
_£_
_85,516_|
|---|---|---|---|
||||_85,516_|
||||_19,519_|
||||_19,519_|
||||_65,997_|
||||_2,494,380_
_65,997_|
||||_2,560,377_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 17 form part of these financial statements.
Page 8
EPPING & THEYDON GARNON JOINT CHARITIES
BALANCE SHEET
AS AT 31 MARCH 2022
2022
2021
Note
Fixed assets
Investment propety
2.350.IJOO
2,350,000
2.350.000
2,350.000
Current assets
Investments
10
83.224
171,279
76,054
134.323
Cash 81 bank and in hand
254,$03
210,377
Net current assets
254,503
210.377
Totsl assets less current liabilities
2,604,503
2.560.377
Totsl net assets
2,604,503
2,560,3TT
Charity funds
Restricted funds
Unrestricted funds
2.604,503
2,560.377
Totsl funds
2,604.503
2,560,377
The financial ststements were approved and authoii5ed for issue by the Trustees 12 January 2023 and
signed on their behalf by:
c<4
Mr R Clay
The notes on pages 10 to 17 form part of these financial statements.
## **EPPING & THEYDON GARNON JOINT CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. General information**
Epping & Theydon Garnon Joint Charities is an unincorporated charity, with a registration number 213077. The principal office is detailed on page 1 of the financial statements.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are presented in pounds sterling, which is the functional currency of the charity.
Epping & Theydon Garnon Joint Charities meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Page 10
**EPPING & THEYDON GARNON JOINT CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2. Accounting policies (continued)**
## **2.3 Expenditure (continued)**
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.5 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
## **2.6 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.7 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Page 11
## **EPPING & THEYDON GARNON JOINT CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **3. Investment income**
|**Unrestricted**
**funds**
**2022**
**£**
Rents received
70,040
Gains on investments
7,170
Deposit account interest
1,761
78,971|**Total**
**funds**
**2022**
**£**
**70,040**
**7,170**
**1,761**
**78,971**|_Total_
_funds_
_2021_
_£_
_70,265_
_13,497_
_1,754_|
|---|---|---|
|||_85,516_|
## **4. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2022**
**£**
Management costs
20,515
Grants - Education
13,390
Grants - Relief in need
940
34,845|**Total**
**2022**
**£**
**20,515**
**13,390**
**940**
**34,845**|_Total_
_2021_
_£_
_14,341_
_4,078_
_1,100_|
|---|---|---|
|||_19,519_|
Page 12
## **EPPING & THEYDON GARNON JOINT CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **5. Analysis of expenditure by activities**
|Support costs
Education
Relief in need
_Total 2021_
**Analysis of support costs**
Staff costs
Office expenses
Telephone
Website
Insurance
Professional fees
Maintenance and repairs
Sundries|**Grant**
**funding of**
**activities**
**2022**
**£**
-
13,390
940
14,330
_5,178_|**Support**
**costs**
**2022**
**£**
20,515
-
-
20,515
_14,341_|**Total**
**funds**
**2022**
**£**
**20,515**
**13,390**
**940**
**34,845**
_19,519_
**Total**
**funds**
**2022**
**£**
**7,818**
**1,303**
**222**
**499**
**4,213**
**3,238**
**2,149**
**1,073**
**20,515**|_Total_
_funds_
_2021_
_£_
_14,341_
_4,078_
_1,100_|
|---|---|---|---|---|
|||||_19,519_|
|||||_Total_
_funds_
_2021_
_£_
_7,610_
_867_
_450_
_-_
_3,656_
_597_
_1,061_
_100_|
|||||_14,341_|
Page 13
## **EPPING & THEYDON GARNON JOINT CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **6. Independent examiner's remuneration**
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's independent examiner for the independent|||
|examination of the Charity's annual accounts|**590**|_540_|
## **7. Staff costs**
|**2022**
**£**
Wages and salaries
**7,260**
Contribution to defined contribution pension schemes
**557**
**7,817**
The average number of persons employed by the Charity during the year was as follows:
**2022**
**No.**
Support
**1**|_2021_
_£_
_7,020_
_590_|
|---|---|
|||
||_7,610_|
||_2021_
_No._
_1_|
No employee received remuneration amounting to more than £60,000 in either year.
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ .
During the year ended 31 March 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ .
Page 14
## **EPPING & THEYDON GARNON JOINT CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **9. Investment property**
|**Valuation**
At 1 April 2021
At 31 March 2022|**Freehold**
**investment**
**property**
**£**
**2,350,000**|
|---|---|
||**2,350,000**|
## **10. Current asset investments**
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|Unlisted investments|**83,224**|_76,054_|
**.**
Page 15
**EPPING & THEYDON GARNON JOINT CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **11. Statement of funds**
## **Statement of funds - current year**
|
**Unrestricted funds**
Reserves
**Statement of funds - prior year**
**Unrestricted funds**
Reserves|**Balance at 1**
**April 2021**
**£**
**2,560,377**
_Balance at_
_1 April 2020_
_£_
_2,494,380_|**Income**
**£**
**78,971**
_Income_
_£_
_85,516_|**Expenditure**
**£**
**(34,845)**
_Expenditure_
_£_
_(19,519)_|**Balance at**
**31 March**
**2022**
**£**
**2,604,503**|
|---|---|---|---|---|
|||||_Balance at_
_31 March_
_2021_
_£_
_2,560,377_|
## **12. Summary of funds**
**Summary of funds - current year**
|
General funds
**Summary of funds - prior year**
General funds|**Balance at 1**
**April 2021**
**£**
**2,560,377**
_Balance at_
_1 April 2020_
_£_
_2,494,380_|**Income**
**£**
**78,971**
_Income_
_£_
_85,516_|**Expenditure**
**£**
**(34,845)**
_Expenditure_
_£_
_(19,519)_|**Balance at**
**31 March**
**2022**
**£**
**2,604,503**|
|---|---|---|---|---|
|||||_Balance at_
_31 March_
_2021_
_£_
_2,560,377_|
Page 16
## **EPPING & THEYDON GARNON JOINT CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **13. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2022**
**£**
Investment property
2,350,000
Current assets
254,503
**Total**
2,604,503|**Total**
**funds**
**2022**
**£**
**2,350,000**
**254,503**|
|---|---|
||**2,604,503**|
## **Analysis of net assets between funds - prior year**
|Investment property
Current assets
**Total**|_Unrestricted_
_funds_
_2021_
_£_
_2,350,000_
_210,377_
_2,560,377_|_Total_
_funds_
_2021_
_£_
_2,350,000_
_210,377_|
|---|---|---|
|||_2,560,377_|
## **14. Related party transactions**
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2022.
Page 17